In today’s briefing:
- Jeju Bank: Douzone Bizon Becomes Second Largest Shareholder
Jeju Bank: Douzone Bizon Becomes Second Largest Shareholder
- On 18 April, it was reported that Douzone Bizon (012510 KS) will become the second largest shareholder of Jeju Bank (006220 KS).
- Douzone Bizon invested 57 billion won for a 14.99% stake in Jeju Bank. Through this investment, Douzone will aim to enhance the digital business of Jeju Bank.
- This deal is likely to positively impact Jeju Bank’s shares as this capital raise is used to further invest in ERP based banking that could further boost its sales.
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